Treasury to scrap valuation quango amid efficiency drive April 28, 2025 The Valuation Office Agency will be folded into HM Revenue & Customs (HMRC), the tax minister has said, in the latest sign of the government’s efforts to trim away fat from the operations of the state. The arms length body responsible for valuing properties to determine tax rates, which spans £60bn worth of valuation each [...]
Channel 4 chief Alex Mahon to run entertainment group Superstruct April 28, 2025 Alex Mahon has been named the new chief executive of Superstruct Entertainment – the live events giant behind festival like Boardmasters – just days after announcing her departure from Channel 4. Mahon steps into the role following an eight-year tenure at the state-owned broadcaster, bringing her leadership experience to aq compant that runs over 80 [...]
Vue: Cinema chain loses over £90m despite Deadpool & Wolverine boost April 28, 2025 Cinema chain Vue lost more than £90m last year as the success of Inside Out 2 and Deadpool & Wolverine failed to boost its bottom line. The business has posted a pre-tax loss of £91.8m for the 12 months to 30 November, 2024, having also lost £73.7m in the prior year. The latest total comes [...]
Eurostar tells rivals to put their money where their mouths are April 28, 2025 Eurostar has called on its rivals to invest in the UK’s capacity for international rail as it insisted it welcomed increased competition. The Temple Mills depot in East London is currently the only place in the UK that can host high-speed, cross-channel trains to and from Europe. It has become a central part of the [...]
Sales pass £600m at The White Company and Charles Tyrwhitt owner April 28, 2025 Sales at the group behind The White Company and Charles Tyrwhitt jumped past the £600m mark during its latest financial year, it has been revealed. Bectin Limited has posted a turnover of £607.7m for the 12 months to 3 August, 2024, up from the £558.5m it achieved in the prior year. But despite the sharp [...]
Masterchef maker eyes ITV takeover April 28, 2025 French media group Banijay is in early stage talks over a potential takeover for British broadcaster ITV or its studio division. Banijay, the producer behind shows including Masterchef, Peaky Blinders and Big Brother, has explored several options, first reported by the Financial Times. These include a full acquisition of ITV, or a more contained bid [...]
Plus500 raises guidance despite revenue dip April 28, 2025 Fintech group Plus500 has raised its outlook for the year despite reporting a mixed start to the year. Its share price dipped 1.6 per cent in early trades. The company told markets this morning that revenue in the first quarter of the year increased by 13 per cent month on month but fell by five [...]
Lidl eyes Mayfair and Chelsea stores amid £500m expansion April 28, 2025 You could soon shop at a Lidl store in the swanky London districts of Mayfair and Chelsea as the low-cost supermarket plans dozens more store openings as part of a £500m expansion plan. The German-owned business, which controls 7.8 per cent of the UK grocery market according to latest Kantar figures, has published a list [...]
Carwow boss: Why Chinese EVs have become so popular April 28, 2025 China’s share of the UK car market has soared in the last two years to make up more than 10 per cent of imports as Brits embrace an influx of new, cheaper models. Many of China’s biggest manufacturers, from BYD to Geely, are jostling to become the dominant player in the UK EV segment, setting [...]
Why there’s still plenty to cheer about in the City of London April 28, 2025 Forget the doomsayers, there's still plenty to cheer about here in the City of London, writes Chris Hayward.